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Audits in accordance with the German Investment Fund Managers Directive (FinVermV) – New regulations for investment fund managers

The new Article 34 f of the German Trade Act has been in force since January 1, 2013. Since then professional practice rules that go way beyond the previous rules in accordance with Article 34 c of the German Trade Act also apply to managers of investment funds and closed investments. The German Investment Fund Managers Directive also came into force in this context. Article 24 of this directive, which replaces the previous Articles 16 and 17 of the German Real Estate Agent and Commercial Construction Industry Ordinance, has been regulating the auditing duty for agents since January 1, 2013.

The only constant is change: the difference to the previous regulation mainly affects the scope of the audit. The annual and non-routine submission of audit reports to the responsible authority is to guarantee the ongoing supervision of the investment fund managers’ compliance with their codes of conduct duties.

Our range of services includes auditing in accordance with the German Real Estate Agent and Commercial Construction Industry Ordinance and German Investment Fund Managers Directive on the one hand, but we also take over the performance check of sales companies on the other hand. Thanks to our many years of experience in auditing in accordance with the German Real Estate Agent and Commercial Construction Industry Ordinance, we support you with our qualified auditors who, thanks to their experience, can carry out the audit quickly and professionally.

WSB Wolf Beckerbauer Hummel + Partner: Matthias Volkert

Your central contact

Business Studies graduate

Matthias Volkert

WSB Revision und Treuhand GmbH
Wirtschaftsprüfungsgesellschaft

Seckenheimer Landstraße 4 | 68163 Mannheim
Phone +49 621 1234 848-0
Fax +49 621 1234 848-10

E-Mail: m.volkert@wsb-berater.de